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TNA · BSE · Other Textile Products
TNA Solutions IPO opens for subscription from 30 Sep 2026 to 06 Oct 2026. The SME IPO has a price band of ₹66-₹70 , with a face value of ₹10 per share and lot size of 2,000 shares . The IPO will list on 09 Oct 2026 on BSE.
TNA Solutions IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 30 Sep 2026 |
| IPO Close Date | 06 Oct 2026 |
| Basis of Allotment | 07 Oct 2026 |
| Initiation of Refunds | 08 Oct 2026 |
| Credit of Shares to Demat | 08 Oct 2026 |
| Listing Date | 09 Oct 2026 |
Issue Size
5,408,000 shares
(aggregating up to ₹37.95 Cr)
Issue Price
₹66 – ₹70
Face Value
₹10/share
Market Lot
2,000 shares
Retail Min Investment
₹280,000
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
5,136,000 shares
(aggregating up to ₹35.95 Cr)
Offer for Sale
[.]
Reserved for Market Maker
272,000 shares
(aggregating up to ₹2.00 Cr)
Issue Type
book building
Open Date
30 Sep
Close Date
06 Oct
Allotment
07 Oct
Listing
09 Oct
Last updated: 10 hours ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 05 Oct 2026 Latest | ₹70 | ₹10 | ₹80 | ₹10 |
14.29%
|
2:01 PM |
| 05 Oct 2026 | ₹70 | ₹10 | ₹80 | ₹10 |
14.29%
|
1:30 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 05 Oct 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 4.77x | - |
| NII | 1.09x | - |
| bNII (bids above ₹10L) | 1.26x | - |
| sNII (bids below ₹10L) | 0.74x | - |
| Individual Investors | 1.54x | - |
| Total | 2.36x | - |
Showing the latest subscription snapshot.
View full subscription historyAmbuj Jain, Ayush Jain, Tanu Jain
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹280,000 |
| Retail (Max) | 2 | 4,000 | ₹280,000 |
| S-HNI (Min) | 3 | 6,000 | ₹420,000 |
| S-HNI (Max) | 7 | 14,000 | ₹980,000 |
| B-HNI (Min) | 8 | 16,000 | ₹1,120,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,564,000 (47.41%) |
|
•
Anchor Investor Shares Offered
|
1,538,000 (28.44%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
1,026,000 (18.97%) |
| NII (HNI) Shares Offered | 774,000 (14.31%) |
|
•
bNII > ₹10L
|
516,000 (9.54%) |
|
•
sNII < ₹10L
|
258,000 (4.77%) |
| Retail Shares Offered | 1,798,000 (33.25%) |
| Market Maker Shares Offered | 272,000 (5.03%) |
| Total Shares Offered | 5,408,000 (100.00%) |
TNA Solutions Limited was incorporated in September 2021 as TNA Solutions LLP and was converted into a public limited company in June 2024. It is headquartered in Madhya Pradesh and works in the home textiles sector, manufacturing value-added home furnishing products.
The company manufactures sheet sets, pillow covers, towels and top-of-bed products such as comforters, quilts and mattress protectors, following a largely B2B manufacturing model where products are made to customer specifications and sold under the customers' own brands or labels. Its in-house processes cover cutting, stitching, embroidery, finishing, quality control, packaging and dispatch, while it procures greige fabric from weavers and uses third-party processing houses for dyeing and related activities, serving both domestic and international customers.
Total income rose 31% to Rs 110.45 crore for the year ended March 2026 from Rs 84.13 crore in the year ended March 2025, with profit after tax rising 43% to Rs 9.58 crore from Rs 6.66 crore over the same period, as per the DRHP filed on August 7, 2026. The IPO is an SME book-built issue of up to 55,00,000 equity shares proposed to be listed on the BSE SME platform, priced at Rs 66-70 per share, with a tentative listing date of October 9, 2026. Net proceeds are proposed to be used for capital expenditure towards civil construction of a new manufacturing unit and purchase of plant and machinery (about Rs 6.76 crore), funding working capital requirements (about Rs 20 crore), and general corporate purposes.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 36.32 | 84.13 | 110.45 |
| Profit After Tax (PAT) | 2.69 | 6.66 | 9.58 |
| EBITDA | 5.13 | 10.26 | 12.68 |
| Total Assets | 24.33 | 57.47 | 94.21 |
| Net Worth | 4.98 | 22.86 | 35.94 |
| Reserves & Surplus | 3.07 | 20.01 | 32.94 |
| Total Borrowing | 11.38 | 25.73 | 46.29 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2026 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 32.6% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 42.84% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 26.67% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 9.16% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 12.12% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 1.29x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 0.58x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹6.39 | ₹4.7 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 10.95x | 14.89x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹105 Cr | ₹143 Cr |
The basis of allotment for TNA Solutions IPO is scheduled for 07 Oct 2026. You can check your allotment status using your PAN number or application number on the Maashitla Securities Pvt. ltd. portal or BSE.
The TNA Solutions IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for TNA Solutions IPO is ₹66.00 - ₹70.00 per share.
As per market sources, TNA Solutions IPO GMP is currently ₹10.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for TNA Solutions IPO stands at 2.36x overall.
The listing date for TNA Solutions IPO is 09 Oct 2026.
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